(1) The fine provided for in Sub-section 1 above shall be based on
the loan amount due as follows, in CF A francs:
>- 100000 (one hundred thousand) to 1 000000 (one million), for an un12~!.<! _____________ _
loan less than or equal to 5000000 (five million)·
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·cOPIE CERTIFIEE CONF RME
CERTIFIED TRUE C PY
-~---~-----------~----~-----
~ 1 000000 (one million)to 2000000 (two million), for amounts greater than
5000000 (five million)and less than or equal to 10000000 (ten million);
~ 2 000000 (two million) to 5000000 (five million) for amounts greater than
10000000 (ten million) and less than or equal to 50000000 (fifty million);
~ 5000000 (five million) to 10000000 (ten million) for amounts greater than
50000000 (fifty million)and less than or equal to 100000000 (one hundred
million);
~ 10000000 (ten million) to 25 000 000 (twenty-five million), for amounts
greater than 100000000 (one hundred million) and less than or equal to
500000000 (five hundred million);
~ 25 000 000 (twenty-five million) to 50000000 (fifty million), for amounts
greater than 500000000 (five hundred million) and less than or equal to
1000000000 (one billion);
~ 50000000 (fifty million) to 100000000 (one hundred million) for amounts
greater than 1000000000 (one billion).
(2) The penalties provided for in Sub-sections 1 and 2 above may also be
applied in case of failure to comply with a moratorium.
Official text
Transcription: Machine-parsed
In force from 24-12-2019
Source page 8
Lex Cameroon does not hold a French version of this provision. You can read an unofficial machine translation — for understanding only, never to quote.
Section 21 of the Law No 2019/021 of 24 december 2019 to lay down some rules governing credit activities in the banking and mico-finance sector in Cameroon/akn/cm/act/loi/2019-12-24/301-law-no-2019-021-of-24-december-2019-to-lay-down-some-rules-governing-credit-activities-in-the-banking-and-mico-finance-sector-in-cameroon
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